Asia’s Largest Stock Exchange Operator Forms Blockchain Consortium in Japan, Trials in 2017

A number of companies have joined the Japan Exchange Group (JPX) To form a consortium that will develop a proof-of-concept blockchain solution for capital market infrastructure.

Announced yesterday, the JPX revealed that the Tokyo Stock Exchange (TSE), the Osaka Exchange (OSE) and the Japan Securities Clearing Corporation (JSCC) will help form a blockchain consortium compromising of Japanese financial institutions to test the blockchain prototype.

The endeavor to explore blockchain technology for capital market infrastructure began with an internal research group in late 2015, which quickly concluded the viability of the innovation to bring a transformational change to the sector. By February 2016, the Japan Exchange Group announced a partnership with IBM Japan to run blockchain tests for clearing, settlement and other financial operations. The tests began the following month.

The newly-formed consortium will build upon the JPX’s partnership with IBM Japan, with a test environment for blockchain proof-of-concept (PoC) testing using the Linux-foundation-led open source Hyperledger platform.

The consortium will, among other operative objectives, seek to include and bring cooperation between various stakeholders in the

Read more ... source: CryptoCoinsNews

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